A recent addition to Caliber’s hospitality portfolio, the Four Points by Sheraton Phoenix South Mountain was acquired in June of 2018 for $16,000,000 after originally reviewing acquisition for $18,000,000 in 2016. Despite undergoing a brand mandated full renovation in 2014, the hotel was underperforming due to subpar management. After acquiring the property, Caliber positioned long-time partners, HMC Hospitality, to take over management of the asset. In a short time, Caliber-HMC successfully improved the hotels performance through a comprehensive group sales plan and greater flag support from the recent Marriott/Starwood merger.